What are some of the uses of compound interest in business?

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What are some of the uses of compound interest in business?

2006-11-24 05:05:39 · 1 answers · asked by Tellina M 1 in Business & Finance ➔ Investing

1 answers

Return on investment (ROI) is a standard measurement ratio used to find the relative attractiveness of various avenues of investment. The return is calculated on Compound Interest.
Credit card interest rates should be calculated on Compound interest basis.

2006-11-24 06:00:31 · answer #1 · answered by StraightDrive 6 · 0⤊ 0⤋